Options Trader in London

We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We’re energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

At Centrica Energy, our mission is to move it. We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

Power markets don’t behave like the textbooks: negative prices, shoulder‑hour spikes, and paradoxical cross‑border flows make risk beautifully nonlinear—and commercially exciting. If you’re a quantitative thinker who wants to turn research into trades, this role gives you the platform to build models, test them in live markets, and convert insight into P&L. You’ll join a team that operates where fundamental modelling, systematic strategy, and disciplined execution meet across Europe’s most dynamic interconnectors.

You’ll help design and execute the next generation of pricing and risk frameworks for cross‑border power optionality, starting from deep research and maturing into trading ownership. The first 12–18 months focus on building validated, decision‑grade models that feed pricing, hedging, and structuring; thereafter you’ll scale into vanilla options execution and market‑making with growing autonomy. The role follows London trading hours with some flexibility for US coverage as markets require.

Your responsibilities will include:

• Building models for nonlinear power risks—negative pricing dynamics, intermittency, scarcity/shoulder‑hour volatility, and flow reversals—and turning them into commercial inputs for the desk.
• Designing scenario frameworks, stress tests, and valuation methods that move beyond classical assumptions to reflect real‑world market microstructure.
• Translating complex quantitative work into clear trading notes and actionable recommendations for pricing, hedging, and structure.
• Identifying mispricings, managing Greeks within limits, and executing disciplined trades aligned to model edge and liquidity conditions.
• Collaborating with originators, risk, and analytics on bespoke optionality in cross‑border structured deals, from scoping through pricing to ongoing refinement.

You’re energised by messy, real‑world systems and you enjoy pressure‑testing ideas until they stand up in live conditions. You can self‑direct research, explain what you did and why it matters, and make decisions under uncertainty. You’re motivated by the energy transition, and the role trading plays in unlocking investment and liquidity.

We’re looking for:

• A track record of self‑directed mathematical/quant research (MSc/PhD ideal) in applied math, statistics, physics, computer science, operations research, or economics.
• Python proficiency for research (NumPy, Pandas, SciPy/statsmodels; version control with Git).
• Quant foundations across probability & statistics, stochastic processes, optimisation (convex/dynamic), and numerical methods; experience with Monte Carlo and scenario design is a plus.
• Familiarity with vanilla options (Greeks, IV surfaces) and the ability to critique classical assumptions in the presence of physical optionality.
• Clear communication skills—structured memos, crisp charting, and the ability to turn complex models into concise commercial narratives.

Centrica Energy is a global energy trading and optimisation business that moves energy from source to use across eight offices and all time zones, trading power, gas, LNG, and energy attributes while connecting producers, suppliers, and offtakers. Our mission is to drive the green transition while offering sustainable and predictable energy costs; we combine market expertise with advanced analytics, technology, and a strong commercial culture. You’ll be joining a community of specialists who pair fundamental insight with algorithmic capability to capture value in wholesale markets—what we call Energy Movers by Nature.

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too.

If you’re full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

We’re building a community where you can be unapologetically you, where differences are celebrated, and where everyone can belong. Real inclusivity also means supporting the different realities our people face. That’s why we have the UK’s best Carers Policy and are continually building our approach to flexibility and wellbeing. Of course, we love having fun too. We’re a people place after all.